SEC Form 4 · accession 0001104659-16-132076
NGL Energy Partners LP · NGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James J Burke
Officer — President · Director
Period of report
Jul 7, 2016
Accepted (ET)
Jul 11, 2016 · 7:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001504461
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF2 | Jul 7, 2016 | S | 13,070 | $18.31 | D | 169,815 | D | |
| Common UnitsF3 | holding | — | — | — | 16,936 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person is a participant in the NGL Energy Partners LP 2011 Long-Term Incentive Plan ("Plan"). The 13,070 Common Units reported on this line were sold pursuant to the Reporting Person's prior election to have Common Units withheld and sold to cover the tax withholding obligation in connection with the July 1, 2016 vesting of 30,000 Common Units under the Plan.
- F2The price is the weighted average price for the common units reported on this line between $17.84 and $19.24. Complete information regarding the number of Common Units sold at each separate price will be provided upon request by the Commission Staff, the issuer or a security holder of the issuer.
- F3The units reported on this line are owned directly by Impact Development, LLC, which is solely owned by James J. Burke. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or any other purpose.